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The housing market in Turkey provides a variety of opportunities for those buying a house overseas. It has two huge long coastlines, with an enormous tourist industry and of course great weather. The northern Black Sea coast is frequented more by the Turks themselves, whereas there is a truly international crowd on the southern Aegian coast.
Some of the towns of interest for foreign buyers include Marmaris, Fetiyhe, Dalyan Kalkan and Altinkum.
Ask a ProfessionalThere are investment prospects in Turkey, but it is essential that you seek independent expert professional advice before undertaking any property purchase. There are lots of things to bear in mind, including local laws and regulations, taxes, surveyor's assessments of the building, financial currency exchange, dealing with interbank transfers, volatity of the housing market, etc. etc. In some countries there are various restrictions on foreigners owning land or property, so this needs to be checked out fully. Any property purchase is a major undertaking. It may seem obvious but it's well worth going on holiday to a country several times to see if you like it.
Surge in InterestThe interest in purchasing property abroad has increased at an amazing rate in the past five years, fuelled in the UK by a booming domestic housing market making overseas properties seem good value for money. Also, TV programmes like Channel 4's `A Place in the Sun' have made everyone realise that owning a property abroad is no longer just for the rich and famous. People are interested in purchasing a home overseas for a variety of reasons - enjoyment, investment, a new life, retirement, and more.All links and text on this site have been provided for information purposes - they are not recommendations. |